Reference no: EM133701311

Homework: Budget Analysis Project

Identify a specific healthcare market sector to analyze. For example, you may identify a hospital, a home for older adults, an urgent care center, a mental health facility, or any other health-related organization to analyze.

In the demographic site analysis, you should have previously identified unmet healthcare needs and opportunities for your geographic area. In this section of the paper, you will go into greater detail by choosing a specific healthcare department from the healthcare entity chosen to plan for your budgeting analysis.

In the budget analysis component, you should identify a specific department in a healthcare organization. You must prepare a budget for this particular department. You should reach out to your healthcare community and meet with a healthcare representative who can help identify some pertinent budgeting items for the departments. You may find it difficult to speak with healthcare representatives, but it is not required to complete this project. However, it is a good idea to make contact with these designated healthcare entities. The knowledge gained can be quite useful in preparation for your budget. You can use the textbook as a guide in creating your sample budget. In addition, scholarly sources such as journals, articles, business magazines, and the Web can be tools used in this process.

The key of this section is to get a glance at the role that a health information manager plays in the healthcare organization. For example, a budget may include salaries, supplies, utility, and so forth. The health information manager prepares a budget in order to maximize the organization's resources.

You should use Excel to prepare a sample budget. In addition, you must write a short text component that explains the healthcare sector chosen, which department was used for budgeting, and an explanation or analysis of the budgeted items.